Healthcare MENA Limited, a private equity initiative launched by Al Masah Capital Limited, announced today that it received the award for 'Best Private Equity Fund' at the 5th annual MENA FM Performance awards. Hailed as the "Fund management's highest honor", The MENA FM Performance Awards, recognizes and rewards the heavyweights of the region's fund management space and is the single largest gathering of fund managers in the industry's calendar.
The winners were selected by a panel of judges constituting representatives from MENA Fund Manager, leading institutional and private investors, and industry experts. The entries were judged on performance as well as qualitative and structural criteria, with the winners announced at a gala dinner attended by respectable industry players.
Commenting on the award, Mr. Shailesh Dash, founder & CEO of Al Masah Capital Limited and Chairman of Healthcare MENA Limited stated "We are proud to receive this prestigious award, which recognizes Healthcare MENA's status as the best private equity performer of the year. This award is a reflection of our objective to offer our investors with superior investment opportunities".
Mr. Amitava Ghosal, Partner at Al Masah Capital Limited and Board Member of Healthcare MENA Limited added that "Since AL Masah Capital launched Healthcare MENA Limited in early 2011 it has grown to nearly 18 healthcare facilities and 120 doctors practicing in hospitals, clinics, pharmacies and diagnostic centers across Abu Dhabi, Dubai, Sharjah and Kuwait. This prestigious award is further inspiration to continue the expansion of the company."
This is the second time AL Masah Capital Limited has been recognized by MENA FM, with Mr. Shailesh Dash receiving the 'Outstanding Achievement by an Individual' in 2012.
This recent accolade follows several other top honors recently awarded to Healthcare MENA Limited at the ADCB Star of Business Awards, organized and hosted by the CPI group. Healthcare MENA Limited was awarded the 'Star of Business Award', it was also awarded the 'Healthcare and Wellness Company Award' and the 'Best Corporate Governance Award'.
Al Masah Capital's philosophy is to launch and promote companies with strong management teams, a scalable business model and the potential to become a regional leader in their respective fields. The envisioned value creation levers are proprietary deal sourcing, business expansion, regional synergies and industry consolidation.
Al Masah Capital has also launched and currently manages Al Najah Education Limited which commenced operations in 2012 and has since acquired 4 assets, 2 schools and 2 nurseries in the UAE. Al Najah Education Limited assesses opportunities throughout the GCC and is currently in the advanced stages of introducing a K-12 British school and 2 EYFS curriculum nurseries in Oman.
Diamond Lifestyle Limited, founded in 2013 with the aim of becoming a key operator of a number of luxury restaurants and lounges in the GCC, Turkey and South East Asia, is one of the newest additions to the UAE's lifestyle & hospitality sector brought by Al Masah Capital Limited. Diamond Lifestyle has recently announced the upcoming opening of its first UAE operation, La Porte Des Indes, a critically acclaimed Indian restaurant concept with successful existing venues in London's Marylebone and Brussels. The regional outlet of the brand will be located in The Address Dubai Mall with a planned opening date of early 2014. Diamond Lifestyle Limited has also signed a franchise agreement to operate Café Rouge in the UAE, UK's favorite French Bistro. Café Rouge operates 126 restaurants throughout the UK.
Al Masah Capital believes that active involvement is the driver for turning locked-up potential into real and tangible value. Al Masah Capital will continue to adopt an active role in each company to continue to ensure further value creation.
© Press Release 2014
